Sunday, September 23, 2012

FEDERAL BENEFIT PAYMENT?? MY REAR END!

FREE ZONE MEDIA CENTER  WFZR/TV                                                                       by wp

Subject: Social Security
SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT'/ENTITLEMENT!

Have you noticed, your Social Security check is now referred to as a "Federal Benefit Payment"?
I am forwarding it because it touched a nerve in me, and I hope it will in you too.

The government (Congress) is now referring to our Social Security checks as a “Federal Benefit Payment.” This isn’t a benefit – its our earned income! Not only did we all contribute to Social Security but our employers did too.

It totaled 15% of our income before taxes. If you averaged $30K per year over your working life, that's close to $180,000 invested in Social Security.

If you calculate the future value of your monthly investment in social security ($375/month, including both your and your employer’s contributions) at a meager 1% interest rate compounded monthly, after 40 years of working you'd have more than $1.3+ million dollars saved! This is your personal investment.

Upon retirement, if you took out only 3% per year, you'd receive $39,318 per year, or $3,277 per month. That’s almost three times more than today’s average Social Security benefit of $1,230 per month, according to the Social Security Administration (Google it - it’s a fact).

And your retirement fund would last more than 33 years (until you're 98 if you retire at age 65)! I can only imagine how much better most average-income people could live in retirement if our government had just invested our money in low-risk interest-earning accounts.

Instead, the folks in Washington pulled off a bigger Ponzi scheme than Bernie Madoff ever did.
They took our money and used it elsewhere. They “forgot” … (yea right) that this is OUR money they were taking. Our elected representatives didn’t even have a referendum to ask us if we wanted to lend the money to them.

And they didn’t pay interest on the money they took… free money. And recently, they’ve told us that the money won’t support us for very much longer. But is it our fault they misused our investments?

And now, to add insult to injury, they’re calling it a “benefit.” Some elected politicians are calling us “freeloaders” who never worked to earn even one penny of it. Just because they “borrowed” the money, doesn't mean that our investments are for elected politicians charity!
Take a stand.

We have paid for and earned our right to Social Security and Medicare. Demand that our legislators bring some sense into our government – Find a way to keep Social Security and Medicare going, for the sake of that 92% of our population who need it.

Then call it what it is: Our Earned Retirement Income.
Some politicians are screaming for privatizing social security to turned it over to Wall Street… Guess who is behind the scenes with money flowing to those self-serving politicians? How long do you think it will take for our social security withholdings to line the pockets of Wall Street banks and traders with fees and commissions… and for that matter, how long will it be before the Federal Government (guess who…the taxpayers) has to bail them out again when theY lose it all?
This is serious… think about it, if the politicians smell the money, they want it.

Many people won't forward this because they believe their elected representative wouldn’t do this to them. Ask your elected representative where they stand on this issue; if you believe this is wrong - speak out before it is too late.
99% of people won't forward this. Please… would you forward this to 3 of your friends? Please keep passing it on until everyone in our country has read it.
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